Paper Topic:

Globalisation

Globalization Facilitates the Transfer of Wealth From Poor Countries to Rich Countries

The economic aspect of globalization has led to the integration of emerging economies in the world markets and the expansion of human economic activities , exchange of ideas , information , legal systems organizations and culture internationally . Countries have integrated into a global economic system towards international trade and capital flows with the richer countries continuing to get richer whereas the poor countries continue to get poorer (Wade 2004

Poverty has been the major cause of unproductive human resource as a

result of lack of education , training , poor leadership and weak infrastructure has resulted into poverty , research findings on economics has found out that most of the time the causes of these are the very richness or the endowment of the nations resources such as mineral wealth or the fertile agricultural land (Wolf 2001

There is a big difference in economic interdependence . The industrialized countries are highly interdependent in relation with one another . In terms of economic relations , the developing countries are highly interdependent on one another . On the other hand developing countries are more independent from one another as far as economic relations are concerned (Wolf 2001

The developed countries are highly dependent on the developed nations and this has led to convergence in income levels both between countries and peoples , inequality between the rich and the poor that means , assets and incomes are more concentrated , the wage share among the poor has fallen while profit share has risen . Capital...

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